Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$134,777$126,000
Remaining term (yrs)22.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.270%7.400%
Blended rate5.120%7.640%
1st payment$774.20$872.40
2nd payment$0.00$0.00
Taxes / mo$208.18$208.18
Insurance / mo$150.00$150.00
MI / mo$111.21$25.20
HOA / mo$0.00$0.00
Total monthly$1,243.59$1,255.78
Cash to close$5,223$14,000